Diodes (NASDAQ:DIOD) Price Target Raised to $100.00 at Robert W. Baird

Diodes (NASDAQ:DIOD) had its price objective increased by Robert W. Baird from $80.00 to $100.00 in a research note released on Tuesday,Benzinga reports. They currently have an outperform rating on the semiconductor company’s stock.

A number of other brokerages have also commented on DIOD. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Zacks Research lowered shares of Diodes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 11th. Benchmark boosted their price target on shares of Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Truist Financial boosted their price target on shares of Diodes from $54.00 to $67.00 and gave the company a “hold” rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings upgraded shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $82.33.

Diodes Stock Performance

Shares of DIOD stock opened at $73.28 on Tuesday. The firm has a market capitalization of $3.36 billion, a PE ratio of 51.61 and a beta of 1.58. The firm has a fifty day simple moving average of $66.52 and a two-hundred day simple moving average of $56.97. The company has a current ratio of 3.32, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01. Diodes has a 12 month low of $33.13 and a 12 month high of $81.71.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Tuesday, February 10th. The semiconductor company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $391.58 million during the quarter, compared to analyst estimates of $380.03 million. Diodes had a net margin of 4.46% and a return on equity of 2.95%. Diodes’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 EPS. Analysts forecast that Diodes will post 1.82 EPS for the current fiscal year.

Insider Transactions at Diodes

In other news, CEO Gary Yu sold 2,900 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total transaction of $176,465.00. Following the completion of the transaction, the chief executive officer directly owned 111,671 shares of the company’s stock, valued at $6,795,180.35. This represents a 2.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jin Zhao sold 525 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $59.19, for a total transaction of $31,074.75. Following the transaction, the insider directly owned 49,980 shares of the company’s stock, valued at $2,958,316.20. This represents a 1.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 116,205 shares of company stock valued at $7,837,213. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DIOD. Salomon & Ludwin LLC bought a new position in shares of Diodes during the 3rd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its position in shares of Diodes by 77.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 205 shares during the period. Farther Finance Advisors LLC grew its position in shares of Diodes by 51.4% during the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 200 shares during the period. Geneos Wealth Management Inc. bought a new position in Diodes during the second quarter worth about $30,000. Finally, MAI Capital Management boosted its position in Diodes by 150.0% during the third quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 411 shares during the period. 99.23% of the stock is owned by institutional investors.

Diodes Company Profile

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.